Benefits

Federal Student Loan Benefits Handout for Veterans

EFFECTIVE OCTOBER 1, 2012
Educational Assistance Allowance for trainees under the Montgomery GI Bill - Active Duty (Ch. 30 of title 38 U.S.C.). The following basic monthly rates are currently in effect.
For trainees on active duty, payment is limited to reimbursement of tuition and fees for the training taken.

The following rates apply to those completing an enlistment of three years or more.

Institutional Training

Training Time

Monthly rate

Full time

$1,564.00

¾ time

$1,173.00

½ time

$782.00

less than ½ time more than ¼ time

$782.00 **

¼ time or less

$391.00 **

The following rates apply to those completing an enlistment of less than three years.

The Post-9/11 GI Bill provides financial support for education and housing to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill. This benefit provides up to 36 months of education benefits, generally benefits are payable for 15 years following your release from active duty. The Post-9/11 GI Bill also offers some service members the opportunity to transfer their GI Bill to dependents.
The Post-9/11 GI Bill program is comprised of multiple payments. All payments and maximum amounts listed on this page are applicable to individuals eligible for the full benefit (100% eligibility tier). If you are not eligible for the full benefit, the payment and maximum amounts listed will be prorated based on your eligibility percentage. Under the Post-9/11 GI Bill you may receive:

Tuition & fee payment sent directly to the school

Monthly housing allowance sent to you

Books and supplies stipend sent to you

One-time rural benefit for certain veterans

Monthly Housing Allowance
Your Monthly Housing Allowance (MHA) is generally the same as the military Basic Allowance for Housing (BAH) for an E-5 with dependents. Your MHA is based on the zip code for your school. There are some exceptions to MHA ,to determine your MHA for most circumstances click here.

Books/Supplies Stipend
A yearly books and supplies stipend of up to $1000 paid proportionately based on enrollment.

Dependents' Educational Assistance provides education and training opportunities to eligible dependents of certain veterans. The program offers up to 45 months of education benefits

Eligibility

You must be the son, daughter, or spouse of:

A veteran who died or is permanently and totally disabled as the result of a service-connected disability. The disability must arise out of active service in the Armed Forces.

A veteran who died from any cause while such permanent and total service-connected disability was in existence.

A service member missing in action or captured in line of duty by a hostile force.

A service member forcibly detained or interned in line of duty by a foreign government or power.

A service member who is hospitalized or receiving outpatient treatment for a service connected permanent and total disability and is likely to be discharged for that disability. This change is effective December 23, 2006.

EFFECTIVE OCTOBER 1, 2012
Educational Assistance Allowance for trainees under the Survivors' and Dependents' Educational Assistance Program (Chapter 35 of title 38, U.S.C.). The following basic monthly rates are currently in effect.

Institutional Training

Training Time

Monthly rate

Full time

$987.00

¾ time

$740.00

½ time

$491.00

less than ½ time and more than ¼ time

$491.00 **

¼ time or less

$246.75 **

MONTGOMERY GI BILL-SR (CHAPTER 1606)
INCREASED EDUCATIONAL BENEFIT

EFFECTIVE OCTOBER 1, 2012
Educational Assistance Allowance for trainees under the Montgomery GI Bill - Selected Reserve (Ch. 1606 of Title 10, U.S.C.). The following basic monthly rates are currently in effect.

EFFECTIVE OCTOBER 1, 2012
Educational Assistance Allowance for trainees under the Reserve Educational Assistance Program (Ch. 1607 of Title 10, U.S.C.). The following basic monthly rates are currently in effect.
For trainees on active duty, payment is limited to reimbursement of tuition and fees for the training taken.